Half of the silk on sale in Beijing contains little or no silk, study finds

Half of the silk on sale in Beijing contains little or no silk, study finds

Monday, 20 May, 2013, 12:19pm

Ernest Kao ernest.kao@scmp.com

Study finds some silk on sale in Beijing doesn’t contain any silk

Another product has been added to the list of unsafe Chinese exports, but consumers can breathe a sigh of relief because unlike ginger, cooking oil, milk powder and rice, this one is not to be ingested.

At least half of the silk products on sale in China’s capital do not meet safety and quality standards, according to a Beijing Consumers Association study, with most cases finding that the product contained little or no silk at all. The study tested 40 types of silk products bought from local retailers, department stores and online stores including Wal-Mart, Wumart, Sogo and e-commerce site Jingdong Mall.The silk products were tested for levels of formaldehyde, pH, biodegradable capacity, carcinogens and other safety indicators, but at least 19 of them failed to meet the regulatory standards, the Beijing News reported [1] on Monday.

The products tested ranged from “a few hundred yuan to several thousand yuan”, the report said.

Product labelling was found to be inaccurate in most of the cases. At least eight of the products tested contained discrepancies in terms of purported silk content on their labels and the actual silk content.

One brand, Shengwei, labelled a quilt as having a “50/50” cotton-and-silk blend as filler, when the real amount of silk was closer to 20 per cent.

According to the study, there were also products that claimed to be made with silk, but had no silk content at all. Quilts that claimed to be filled with 100 per cent silk, including one sold under a licensed Pierre Cardin label, contained mostly synthetic polyester and viscose, the study found.

Under a microscope, polyester and synthetic fibres usually appear brighter in colour and have uniform thicknesses. Pure silk, however, appear more lustrous, are irregularly shaped and most of the fibres have varying thickness.

Brands of products reported to have used faulty silk have been removed from store shelves over the weekend, the Beijing News said.

National standards require textiles marketed or labelled as “silk products” to contain at least 50 per cent silk in their fibre blend.

The study comes weeks after tests revealed that hotpot restaurants in Shanghai [2] were using rat meat but selling it as mutton or lamb.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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